Wednesday, November 5, 2014

Downtown Las Vegas’ Game of Chess: Check or Checkmate?


Part 1 of an ongoing series:

Since 2010, the pawns have moved and the game began vigorously in the latest cycle of the timeless game. The growth player was moving swiftly, taking pieces from the resilient city and it was apparent that the offensive bulls would finally capture the city and once and for all stabilize its rocky past. The housing market was slowly stabilizing, the land grabs in downtown becoming more apparent each month, and the politicians have been screaming that the recovery is in sight as unemployment rates were falling.

In the ever-changing landscape of Las Vegas, downtown Las Vegas has seen its share of ups and downs.  The heart of the city is resilient, and famous for reinventing itself time and time again.  Now in the midst of another rebound over the past 4 years, the city may be taking a breather from the hype surrounding the 7-year itch of speculation.

Housing had crashed, jobs were lost and lives and credit scores were ruined. Rental markets soared the past four years with national increases of nearly 40-50 percent depending on the market. In downtown, residential living was provided by two foreclosed properties being open to the public for lease: The Ogden (formerly Streamline Tower), and JUHL located in the yet to up-and-come arts district.

Instantly, renters could lease a concrete and steel one bedroom for $1100 and 3 bedroom condos for $2000.  These luxury condos were initially priced from $450,000 to more than $1 million.  The time wasn’t right to release the units for sale – the economy was not stable and the job market wouldn’t support the mortgage debt. In fact, even in 2014, with the sales release of The Ogden, banks are not lending in Nevada on The Ogden as ownership levels are too low to obtain FHA backing.

The crowds rushed in, fueled by low initial lease rates while they fled from their underwater homes. The owners of JUHL and The Ogden reaped the rewards of the then current state of affairs, and total net worth and home ownership in America continued its decline on a national level. Las Vegas felt the full brunt of the collapse.  With residents finally taking up residence in downtown, money poured into the city and the housing stimulated the jobs and business sector for both food and drink. Unfortunately, manufacturing has been shrinking in the United States for decades now, and a city built on the service industry is destined to fluctuate with the economy and the disposable income of its citizens.


Author information: Gary Fisher, Luxury Real Estate Advisors  Gary@LvLRA.com

Tuesday, October 21, 2014

The Ogden and downtown Las Vegas real estate news

  The Ogden in Las Vegas is unique due to the location in the heart of downtown. It is the only high rise where residents can actually walk to hundreds of venues for lifestyle and entertainment. Downtown is frequented by roughly 17 million tourists per year. Although it is right in the Fremont East Entertainment District, 
The Ogden provides plenty of options for those who appreciate the urban lifestyle. Many residents enjoy the convenience of a local market and the ability to walk for coffee to gaming, fine or affordable dining. With a limited supply of only about 230 condos left, The Ogden will sell quickly. The other high rise buildings, JUHL / Newport Lofts and SOHO are farther South from the Fremont Street Experience and the corridor down to Main Street, thus making them more quiet, but in an area that is still years away from development. As the former Sales Director and Community Manager since 2007, and having lived in The Ogden for the past 4 years, I can attest to its popularity. For any questions regarding Sales Opportunities, please reach out to me. gkfisher@gmail.com

Thursday, October 16, 2014

The Ogden in Downtown Las Vegas officially re-launches sales: 702-335-5704

October 15, 2014,

The Ogden, the famed prior Streamline Tower in downtown Las Vegas, officially launched sales through a broker / open the evening of October 15, 2014.  The former Sales Manager and Property Manager, Gary Fisher, is now selling The Ogden as an independent licensed Broker / Salesperson. 

For the most knowledgeable asssitance regarding this property, you can reach Gary directly at 702-335-5704. VISIT MY WEBSITE HERE or email gkfisher@gmail.com

The property, located at Ogden and Las Vegas Blvd., consists of 21 stories of luxury high rise condo living in the heart of downtown.  the building has been successfully leasing for 4 years with Gary Fisher as the Property Manager.  

With 275 total condos in the building, The Ogden has received numerous awards for it's revival of downtown urban living. Due to The Ogden's location, the condos allow buyers to own withing walking distance of The Fremont Street Experience and the still-growing Fremont East District. Call today for pricing and sales information.




Friday, June 20, 2014

Gary Fisher is now selling as an independent Broker / Salesperson. Call direct for updated pricing and specials! 702-335-5704

The OGDEN building has become THE most desirable luxury living destination for the growing downtown Las Vegas scene. Gary Fisher is now selling as an independent Broker / Salesperson. Call direct for updated pricing and specials! 702-335-5704

Wednesday, December 8, 2010

Total Value at The Ogden in downtown Las Vegas

No need for a car when you live at The Ogden. Walk to everything you need. The neighborhood will rise up to meet you. And in a city that never sleeps, you can rest your head securely and soundly.  Leasing Office: 702.685.0300

Unbelievable views of the Las Vegas Strip, the city and mountains

Rooftop pool terrace and spa with dramatic panoramic views, perfect for relaxing and socializing

Secure parking garage

24/7 security guard on duty

Concierge services

Located in the heart of the Entertainment District

Steps away from the coolest restaurants and casinos

Security access systems with key card entry

16th floor clubhouse and conference room

15th floor state-of-the-art fitness center

Pet Park